Sysco Announces CEO Kevin Hourican Has Been Appointed Chair of the Board and Chief Executive Officer
April 30 2024 - 8:00AM
Sysco Corporation (NYSE: SYY), the leading global foodservice
distribution company, today announced that the Board has appointed
President and Chief Executive Officer Kevin Hourican to Chair of
the Board of Directors. Edward D. Shirley has stepped down from his
position as Chairman of the Board due to personal health reasons.
Effectively immediately, Mr. Hourican will serve as Chair of the
Board and Chief Executive Officer.
Mr. Hourican said, “On behalf of the entire Company, I would
like to thank Ed for his guidance and leadership. His business
acumen and vision enabled the Company to advance its Recipe for
Growth strategic objectives and effectively manage the company
during the tremendous uncertainty of the global pandemic. Sysco is
a more resilient company today due to his high standard of
excellence, and we deeply thank him for his partnership, friendship
and dedication to the Sysco family. I want to personally thank Ed
for his outstanding vision and leadership.”
Mr. Hourican continued, “I am deeply honored to be appointed
Chair of the board, in addition to my Chief Executive Officer
responsibilities of Sysco. I would like to thank the Board for its
continued support, and I look forward to working with my fellow
directors, and our entire leadership team to maximize value for
shareholders, our customers, and our 70,000 plus colleagues.”
Mr. Shirley said, "It has been a great privilege to serve on
Sysco’s Board for the last eight years, supporting the Company as
it has successfully navigated an ever-evolving macroeconomic and
industry landscape. I am proud of the work we've done to serve our
shareholders through sound governance, strong oversight and an
unwavering commitment to working harder than anyone in the industry
to create long-term value. I am especially proud of the close
partnership I have had with Kevin, and I am highly confident he
will be an effective Chair and bring strong leadership to the
Board.”
Ed joined the Board of Sysco in September 2016 and was appointed
Chairman in January of 2020. Prior to Sysco, Ed served as President
and Chief Executive Officer of Bacardi Limited, a global beverage
and spirits company, from 2012 to 2014. Prior to that, he spent a
combined 32 years with The Procter & Gamble Company, with 27 of
those years spent as a senior executive with The Gillette Company,
a consumer goods company acquired by P&G in 2005.
Sysco today also announced that Larry Glasscock has been
appointed Lead Independent Director and will serve as the primary
liaison between the independent directors and the CEO as well as
presiding at meetings of the non-employee and independent
directors. Mr. Glasscock has stepped down as Chair of the Corporate
Governance and Nominating Committee and will be replaced by
independent director John Hinshaw.
About SyscoSysco is the global leader in
selling, marketing and distributing food products to restaurants,
healthcare and educational facilities, lodging establishments and
other customers who prepare meals away from home. Its family of
products also includes equipment and supplies for the foodservice
and hospitality industries. With more than 72,000 colleagues, the
company operates 334 distribution facilities worldwide and serves
approximately 725,000 customer locations. For fiscal year 2023 that
ended July 1, 2023, the company generated sales of more
than $76 billion. Information about our Sustainability
program, including Sysco’s 2023 Sustainability Report and 2023
Diversity, Equity & Inclusion Report, can be found
at www.sysco.com.
For more information, visit www.sysco.com or connect
with Sysco on Facebook at www.facebook.com/SyscoFoods. For
important news and information regarding Sysco, visit the Investor
Relations section of the company’s Internet home page
at investors.sysco.com, which Sysco plans to use as a primary
channel for publishing key information to its investors, some of
which may contain material and previously non-public information.
In addition, investors should continue to review our news releases
and filings with the SEC. It is possible that the information
we disclose through any of these channels of distribution could be
deemed to be material information.
For more
information contact: |
|
|
Investor Contact |
Media Contact |
Kevin Kim |
Shannon Mutschler |
Kevin.Kim@sysco.com |
Mutschler.Shannon@sysco.com |
281-584-1219 |
281-584-4059 |
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